Five Factors and Downsizing

2582 WordsFeb 26th, 200911 Pages

Assignment - 2 (Individual)
Five Factors and Downsizing

Which two of the five HR factors listed by the authors of your course do you consider the most important for your organization? (Explain your organization and its nature of business briefly). Justify your choice, and discuss these two factors in detail.

Assuming that the U.S. sub-prime crisis of the present day is now affecting the Asian economies and your organization is feeling the effects of slowing sales as well as rising raw materials cost. Downsizing is a real possibility and one of the most challenging aspects of human resources management. Discuss some of the approaches to use, and describe how you would go about downsizing 20% of your work force if you are eventually…show more content…

Listening Comprehension (LC) was the core skill that was expected out of these new employees. Since the nature of the job was to listen to English conversation and transcribe the speech verbatim, English proficiency was of utmost important. Whether the employees’ performance met or did not meet the required criteria, they were given continuous learning. Continuous learning was compulsory to all employees in the organization. In this way, these employees were made sure that they remain at the forefront of the skill-base and knowledge in their respective domains.

[pic] KGISL Employee Growth [pic] Workforce Age Demographics

The Workforce factor was very critical in my company. This was because our company was a services company rather than a manufacturing one. Services companies mostly require high-skilled employees. Therefore, Human Resource Management becomes very significant. Employees were the real assets in companies like KGISL. From the above chart, it is clearly seen that the majority of the age group is in the 20-30 age category (41%). Employees’ age demographics was considered very important in our company.

THE FIVE –FACTOR MODEL
James Baron and David Kreps had given the Five-Factor model, which is based on Michael Porter’s Five Forces model of business analysis (Porter, 1980). These factors will influence the Competitive Intelligence system in any organization. These factors are External Environment, Workforce, Organizational Culture and Structure, Organizational Strategy, and Technology of Production and Organization of Work (Baron & Kreps, 1999). Lack of correspondence between any one of these factors…

Neuroticism boldly contrasts with the other personality traits in the Five Factor Model for personality (Openness, Agreeableness, Extraversion, Contentiousness, and Neuroticism). An individual being high in any of the other four traits could hardly be considered pathological. For example, high levels of agreeableness, within reason, would probably be considered to be a positive and healthy characteristic. However, the discussion regarding neuroticism certainly takes a darker turn. Gunthert, Cohen…

personality there are three main aspects that must be looked at: LArsen and Buss Definition of personality, The Six Domains of knowledge of personality, and Costa and McCrae's Five Factor Theory. In this essay I will first break down larsen and Buss definition and connect it to the domains, then connect the domains to the five factor thoery (FFT).
Larsen and Buss define personality as "the set of psychological traits and mechanisms within the individual that are organized and relitivly enduring and that…

specifically the
five-factor model. Both the development and limitations of the Five-Factor model
of personality shall be discussed.
Trait theory is based on several assumptions. The first assumption is
that any difference between people that is seen as significant will have a name.
Secondly, these names, known as traits, are conceived of as continuous
dimensions. In general, trait theories assume that people vary simultaneously on
a number of personality factors. These traits are of…

Support for some models seems to come and go in cycles.
One of the more prominent models in contemporary psychology is what is known as the five-factor model of personality. This theory incorporates five different variables into a conceptual model for describing personality. These five different factors are often referred to as the "Big 5". The five-factor theory is among the newest models developed for the description of personality, and this model shows promise to be among the most practical and…

McCrae & Costa's Five-Factor Model
McCrae &Costa’s Five-Factor model of personality has become the dominant conception of personality structure (1985, 1987, and 1997). The Big Five Personality traits are said to be predictive of some kinds of behaviour such as honesty, job performance, and procrastination.
Critically discuss the relevance of this understanding of personality to Occupational Testing.
McCrae and Costa’s Five-Factor model of personality is said to be predictive in certain behaviours…

In psychology, the Big Five personality traits are five broad dimensions of an individual’s personality. The personality traits include openness, conscientiousness, extraversion, agreeableness, and neuroticism. The two psychologists who discovered this theory are Costa and McCrae. In this paper I will discuss the history of the five-factor model, each of the five different personality traits, and how this is significant in my own life and my behavior.
In 1992, two psychologists by the name…

of the Five Factor Model
In this essay, first the Five Factor Model (FFM) will be described.
Secondly, psychologists for and against the model will be looked at.
Following this, the stability of traits will be looked at, both
longitudinal and cross situational. Finally, the application of the
model within and outside psychology will be evaluated to show support
that the FFM provides a solid foundation for an adequate personality
psychology.
“The Five Factor Model…